Monthly Archives: February 2011

Euro…Gold

Posted on 02/28/2011

I want to use any strength the rest of the day to sell Euro for an intermediate term trade. We’ll use a stop over today’s highs as our risk parameter. We will have a short position going home today. We still have … Continue reading →

Currencies…Gold

Posted on 02/28/2011

The Euro just put in a double top on the Point & Figure charts @ 138.58 Dr. Nenner’s Tgt is 139.20 USD/CAD is creeping to the 97 tgt of Dr. Nenner ( app 103.09 (H) futures. 102.98 futures is the … Continue reading →

A.M. Look 2/28/11

Posted on 02/28/2011

It’s month end today. If you decide you need to pick a trend reversal you’ll be fighting capital flows all day. March Bonds! That’s right (H) not June! Today almost everyone rolls to June Bonds. We do not roll for … Continue reading →

USD/JPY…YCS

Posted on 02/25/2011

USD/JPY is 40 pips either side of the middle of nowhere in the grand scheme of things. Last months close was 82.03. The yearly close was 81.16. We’re right in the middle and have been nursing a long dollar/ short … Continue reading →

CAT…3M…MOS

Posted on 02/25/2011

All these names are starting to break out to the upside. We went back to the well one too many times in the SPU. MOS over 82.10 CAT..102.28 MMM…90.73  are the relevant levels.

Spu…OIL

Posted on 02/25/2011

That was a good hold in the oil at 96.17.. We were short the Spu and exited yesterday. Sell a little back with a 1316 stop.

A.M. Look 2/25/11

Posted on 02/25/2011

1314-16 in the Spu matching 43800 (H) Copper is the first Fib match area. Today’s trade will once again be dictated by the oil. As evidenced yesterday, the big macro levels are the only low risk places to play in … Continue reading →

USD/JPY…YCS…YEN

Posted on 02/24/2011

We’re going to add to Long USD/JPY… short Yen “Long YCS” position @ the market. We’re putting on another 20%.

SPU…SDS

Posted on 02/24/2011

Time to close out these shorts. You can wait for the close to see if the nasd closes over 2310 or just avoid the pain and take your money.

Rice…Follow up

Posted on 02/24/2011

By holding 13.11 we are looking for price action above 13.50 to lead to an attempt on the first resistance area of 13.92-14.03. This could take a couple of days. Those of you who played should look to pay for your … Continue reading →